SPS. CESAR A. LARROBIS, JR. and VIRGINIA S. LARROBIS, petitioners, vs.

PHILIPPINE
VETERANS BANK, respondent.
DECISION
AUSTRIA-MARTINEZ, J.:
Before us is a petition for review of the decision of the Regional Trial Court (RTC), Cebu City, Branch
[1]
24, dated April 17, 1998, and the order denying petitioners motion for reconsideration dated August 25,
[2]
1998, raising pure questions of law.
The following facts are uncontroverted:
On March 3, 1980, petitioner spouses contracted a monetary loan with respondent Philippine
Veterans Bank in the amount of P135,000.00, evidenced by a promissory note, due and demandable on
February 27, 1981, and secured by a Real Estate Mortgage executed on their lot together with the
improvements thereon.

PHILIPPINE VETERANS BANK, PETITIONER, VS. RAMON VALENZUELA,

RESPONDENT.
DECISION
PERALTA, J.:
Assailed in the present petition for review on certiorari is the November 4, 2003 Order[1] of
the Regional Trial Court (RTC) of Malolos, Bulacan, Branch 8 in Case No. P-261-97, which
dismissed herein petitioner's Petition for Correction of Entry in a Transfer Certificate of Title
covering a property which it bought in a foreclosure sale.
The petition, which was filed with the trial court on June 27, 1997, alleged as follows:
1. [Philippine Veterans Bank] PVB is a private commercial bank duly organized and existing
under and by virtue of the laws of the Republic of the Philippines x x x.
2. PVB, as a banking institution, grants loan, among others, to its clients.